ICA Gruppen announces favourable earnings and higher market shares during Q2 report 2016

Solna, Sweden, 2016-Aug-22 — /EPR Retail News/ —

Second quarter of 2016 in summary

  • Consolidated net sales amounted to SEK 26,222 million (25,542), an increase of 2.7%
  • Operating profit excluding non-recurring items totalled SEK 1,154 million (1,018). Operating profit for the comparison period included costs of SEK 27 million associated with the acquisition and integration of Apotek Hjärtat
  • Profit from continuing operations (ICA Gruppen excl. ICA Norway) was SEK 829 million (786). Profit includes capital gains on sales of noncurrent assets and impairment losses totalling SEK -37 million, net (47)
  • Earnings per share for continuing operations were SEK 4.12 (3.77)
  • Cash flow from operating activities for continuing operations amounted to SEK 1,785 million
  • The same period in 2015 included SEK 1.2 billion of capital gain in earnings and SEK 2.8 billion in cash flow from the divestment of ICA Norway
  • inkClub was divested as per 29 June 2016, giving rise to a capital loss of SEK 30 million

After the end of the quarter

  • No significant events have taken place after the end of the quarter

Comment from the CEO of ICA Gruppen, Per Strömberg:

“ICA Gruppen continued to show favourable performance into the second quarter. All parts of the Group posted earnings improvements, except for ICA Bank. It is especially positive to note that we gained market shares and that the ICA stores in Sweden have had a few months with very good sales performance. On the negative side, we have experienced continued disruptions with associated high costs in our logistics operation in southern Sweden.”

Press and analyst meeting

ICA Gruppen is arranging a press and analyst meeting at Tändstickspalatset, Stockholm, on Wednesday, 17 August 2016 at 10.00 CET. CEO Per Strömberg and CFO Sven Lindskog will present the interim report. The meeting will be webcast and can be followed at  www.icagruppen.se/investerare. There is also an opportunity to call in on tel.

SE: +46856642694

UK: +442030089801

Calendar

9 November 2016                  Interim report January–September 2016

15 December 2016                Capital Markets Day

8 February 2017                    Year-end report 2016

ICA Gruppen discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at time 07.00 CET on Wednesday, August 17, 2016.

For further information, please contact:

Frans Benson
Head of Investor Relations
tel. +46 8-561 500 20

ICA Gruppen press service
Tel +46 10 422 52 52

Source: ICA Gruppen

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